For some time, influential voices in the industry have called for the unrecouped balances of heritage artists to be written off by record labels. This would see modern-day royalty earnings of these acts get paid into their pockets, rather than being swallowed by a record label with whom they may have ended dealings decades ago.
Microsoft is betting that the future of gaming will be a post-hardware world where people may not want to spend hundreds of dollars for a console, executives and analysts said. Eventually, they said, people might no longer be tied to specific devices to play games, and will instead care more about software and services.
Among artists and investors, an aging group of classic-rock superstars and the inevitable wave of retirements on the not-too-distant horizon has set off something of a gold rush. Entrepreneurs have begun entering Jampol’s line of work and trying to concoct new ways to profit from the legacy of rock stars from days past.
Video gaming platform Roblox has responded to being hit with a $200 million-plus copyright infringement lawsuit from music publishers, noting its “surprise and disappointment,” at being sued. As a platform powered by a community of creators, we are passionate about protecting intellectual property rights – from independent artists and songwriters, to music labels and publishers – and require all Roblox community members to abide by our Community Rules.
Games platform Roblox has enjoyed plenty of positive headlines for its push into music in partnership with labels and artists, but now the company is facing a battle with music publishers over licensing. Yesterday, the US National Music Publishers Association sued Roblox on behalf of a group of publishers, seeking at least $200m in damages for “Roblox’s unabashed exploitation of music without proper licences”.
Generally speaking the first thing that a fanbase wants is the live experience. That was true in the ‘60s, is true now, and will likely be true in 2050. But even so, it’s crucial that artists (and their business managers) have other means of driving revenue. Why? Well aside from the fact that maximizing the diversity of revenue stream is simply good practice, it’s also a contingency for unforeseen events. Like, for example, when a global pandemic effectively shuts down live music.
Subscriptions will always be a hobby for YouTube, but the numbers show that even a side gig for the company can be huge. And it has bought peace by raining some of those riches on those behind the music. Record labels and other industry powers “still don’t looooove YouTube,” Lucas Shaw, a Bloomberg News reporter, wrote this week. “But they don’t hate it anymore.”
In the publishing trade, publishers have the right to sell books, but authors often retain the copyrights that would allow licensing to monthly subscription services and have their own demands for fair compensation, so deals for subscription services are often legally impossible or economically untenable. One version, Oyster, shut down a few years ago.
Source: Where Is Our Spotify for Books?
A comprehensive assessment of Brexit’s actual early effects on the British book market has been hard to come by, particularly with the coronavirus COVID-19 pandemic‘s intervention. But one unwelcome element has surfaced, triggering a new campaign, launched today (June 7) by the Publishers Association, the Society of Authors, the Association of Authors’ Agents, and the Authors’ Licensing and Collecting Society.
Hipgnosis is the owner of a catalog that has been independently valued at USD $2.21 billion, the UK-listed company revealed June 7 in a financial update. That catalog, valued as of the end of March 2021, contained 64,555 songs across 138 catalogs, according to a preliminary annual financial filing.